Bankruptcy. The word draws up feelings of shame, anxiety, and remorse. But the feeling the word should produce is often used in the same phrase: bankruptcy relief. When debt is crushing down on you, when interest and late charges are more than the minimum payment, when it feels like you are financially drowning with no way out - bankruptcy can provide a feeling of relief. Because it is so tied up with a person's ability to accumulate and preserve wealth, bankruptcy is part of the services offered by Josh Bryant in the Wealth Stratagem. Here are a few things you need to know about bankruptcy.

1. There is no shame in bankruptcy. When it comes right down to it, lenders and creditors are often holding all the chips. Some of them make loans they never should have made to you. Others charge exceptionally high interest rates. The contracts and promissory notes they make you sign are often drawn up in such a fashion that you have no bargaining power. When you fall behind on payments, they sue. They can go after your house and your wages. Bankruptcy exists to help you get back on your feet. When clients visit with Josh Bryant about a bankruptcy, they experience no judgment. What they get instead is grace and compassion.

2. There are different types of bankruptcy. For individuals and families, there are basically two different types of bankruptcy: restructuring and discharge. In a Chapter 13 bankruptcy, we all work together to get a plan together where your payments are more manageable. In a Chapter 7 bankruptcy, the court works to liquidate what it can to satisfy the debts and discharge or forgive all the other debts. When clients work with Josh Bryant on a bankruptcy, he helps them decide which course of action is best for them.

3. You don't have to loose everything in bankruptcy. Arkansas and federal law set aside certain assets as untouchable by creditors when you are in bankruptcy. Josh Bryant will work with you to determine what assets you will be able to keep and those you may have to allow the bankruptcy trustee to sell to satisfy the debts.

4. Silver Participants in the Wealth Stratagem get Bankruptcy Protection at No Additional Charge. For the most part, a bankruptcy will cost anywhere between $750 and $1,500 and that's all you get. But if you have paid the $1,000 initial Wealth Stratagem fee and are a participant at the Silver level or higher (or have been a participant at Silver or higher for at least one year without paying the initial Wealth Stratagem fee), you pay nothing more to obtain bankruptcy relief than the filing fee that goes to the court. In addition, Josh Bryant will work with you on all other aspects of the Wealth Stratagem at no additional fee.

About Josh

I follow Christ. I have a beautiful wife Megan and three wonderful children, Harrisen, Rebekah, and Carter. I have an M.Div. from Liberty Baptist Theological Seminary, am licensed to practice law in several state and federal courts, and live in Rogers, Arkansas. I write a blog and produce a podcast. And I do it all that others may know Christ.

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Copyright (c) 2019 by Josh Bryant. All rights reserved. No portion of this site may be used, copied, transferred, stored, or otherwise manipulated without the express written consent of Josh Bryant. Nothing on this site should be construed as a commitment to represent you. Any person desiring legal services offered by Josh Bryant may apply for said services, but Josh Bryant does not represent any person who has not completed his intake form, signed his engagement agreement, and paid the appropriate retainer. Josh Bryant is licensed to practice before any court in the State of Arkansas and the U.S. Court of Appeals for the Eighth Circuit.